Ecolab (ECL) Operating Margin (2009 - 2026)
Ecolab's Operating Margin came in at 17.16% for Q2 2026, down 0.48 percentage points from 17.64% a year earlier but up 1.87 percentage points from the prior quarter.
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Analysis
Ecolab (ECL) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Ecolab reported Operating Margin of 16.93%, down 1.46 percentage points year-over-year; for FY2025, it came in at 17.02%, down 0.78 percentage points from FY2024.
- Operating Margin carries a five-year change of +5.19 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 17.80% in FY2024 (+4.80 pp), 13.00% in FY2023 (+1.99 pp), 11.01% in FY2022 (-1.54 pp) and 12.55% in FY2021 (+0.72 pp).
- The five-year range for quarterly Operating Margin is 7.79% (Q1 2022) to 26.13% (Q3 2024).
- Year-over-year, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of +1.01 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q3 2024 (a gain of 11.83 percentage points), and the weakest in Q3 2025 (a drop of 7.88 percentage points).
- Business Quant data shows ECL's Operating Margin at 15.30% (Q1 2026), 16.97% (Q4 2025) and 18.25% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 78.59 Bn | 70.36 Bn | 1.95 Bn | 17.16% |
| 2 | Xylem | 23.57 Bn | 19.05 Bn | 963.00 Mn | 16.70% |
| 3 | Veralto | 23.49 Bn | 16.14 Bn | 902.00 Mn | 21.37% |
| 4 | Badger Meter | 3.66 Bn | 2.93 Bn | 90.77 Mn | 17.71% |
| 5 | Ceco Environmental | 3.13 Bn | 2.96 Bn | 86.47 Mn | -11.64% |
| 6 | NWPX Infrastructure | 993.98 Mn | 955.45 Mn | 34.36 Mn | 13.26% |
| 7 | Energy Recovery | 343.89 Mn | 19.06 Mn | 8.96 Mn | -49.05% |
| 8 | Cadiz | 301.30 Mn | 269.74 Mn | -24,000.00 | -902.45% |
| 9 | AirJoule Technologies | 296.32 Mn | 175.95 Mn | - | - |
| 10 | LanzaTech Global | 77.75 Mn | -37.39 Mn | 1.91 Mn | -109.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.16% |
| Mar 31, 2026 | 15.30% |
| Dec 31, 2025 | 16.97% |
| Sep 30, 2025 | 18.25% |
| Jun 30, 2025 | 17.64% |
| Mar 31, 2025 | 15.03% |
| Dec 31, 2024 | 14.55% |
| Sep 30, 2024 | 26.13% |
| Jun 30, 2024 | 16.48% |
| Mar 31, 2024 | 13.80% |
| Dec 31, 2023 | 14.98% |
| Sep 30, 2023 | 14.30% |
| Jun 30, 2023 | 12.58% |
| Mar 31, 2023 | 9.84% |
| Dec 31, 2022 | 10.87% |
| Sep 30, 2022 | 13.16% |
| Jun 30, 2022 | 11.89% |
| Mar 31, 2022 | 7.79% |
| Dec 31, 2021 | 11.52% |
| Sep 30, 2021 | 14.03% |
API Access
Ecolab Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=ECL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ECL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=ECL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();